South African retailer Pick n Pay has signed a franchise agreement with Retail Masters to enter Mozambique.

The deal, announced on Monday (8 November), will mean that the first store will open in March in Maputo.

“We have signed a master franchise agreement with Retail Masters for Mozambique which will provide us with the essential benefit of expert insights into the local market,” said Pick n Pay enterprises division head, Dallas Langman.

The Maputo store will be approximately 3,000 square metres and the company plans to open a further three stores before the end of 2011. The first four stores will all be located in the greater Maputo district.

The company plans to “ensure that local farmers and suppliers are supported to stimulate and assist economic growth in Mozambique”, added Langman.

Pick n Pay said the expansion into Mozambique follows its entry into Zambia in July.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.